Alberta is looking at three options for a new oil pipeline to ship 1 million barrels a day through northern British Columbia, according to people familiar with the matter, as Canadian officials make plans to sharply increase energy exports to Asia.
The provincial government and Prime Minister Mark Carney¡¯s government are also closing in on an agreement on industrial carbon pricing, with a deal expected to be finalized in the next two weeks, said the people, who spoke on condition they not be identified discussing private negotiations.
A new crude pipeline is crucial to Carney¡¯s ambitions of making Canada an energy superpower that¡¯s more relevant in global markets. The prime minister, who¡¯s been in office for a year, has built his economic strategy around the idea of reducing the country¡¯s reliance on the U.S. after President Donald Trump imposed tariffs that upended the countries¡¯ longstanding free-trade pact.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.